THE FEDS EXERCISE IN SCHRODINGIAN EXPANSION
What is the FED doing right now??????
It is expanding the schrodingian uncertainty box where in lies its future actions.
Creating maximum confusion as to its future actions.
This of course is the oppposite to Schrodingian contraction.
Its taper talk is just that ....talk.
Synthetic Negative QE.
I think the inflation trades are still good.
Blackrock obviously agrees having just bought $6 billion in houses.
Financed I presume with a lot of low rate long dated debt to give the investment a high J Number.
The FED by its interest rate supression activites, money printing, direct bond buying and schrodingian expansion, is actually increasing the J number of this type of investment.
After all if your Blackrock why not go along for the free ride provided by the FED.